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Nov 21, 2013
11/13
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allowing the deficits to be even higher. in 2014, the deficit reached $680 billion. in 2014 it's estimated to go up to -- i'm sorry $750,000 -- i'm sorry, billion dollars. i should -- should congress choose to ignore the b.c.a. we'll find ourselves even deeper in the red. in fact, some across the aisle have indicated that they want to spend a whopping $91 billion more than the b.c.a. mandates in 2014 alone. instead of offering smart spending cuts to eliminate waste and prioritizing funds, many are compiling a list of their favorite tax hikes to replace the sequester. mr. president, that action fails to recognize one simple point, a point i made on the floor last week, and one that i will make over and over again. washington has a spending problem, not a revenue problem. in fact, 2013 set a record for the most taxes ever collected. $2.77 trillion, a 13% increase from 2013. yet some of my colleagues want taxpayers to shoulder the burden of their plans to increase federal spending. while the b.c.a. has proved to help to moderate the federal budget -- the federal budget'
allowing the deficits to be even higher. in 2014, the deficit reached $680 billion. in 2014 it's estimated to go up to -- i'm sorry $750,000 -- i'm sorry, billion dollars. i should -- should congress choose to ignore the b.c.a. we'll find ourselves even deeper in the red. in fact, some across the aisle have indicated that they want to spend a whopping $91 billion more than the b.c.a. mandates in 2014 alone. instead of offering smart spending cuts to eliminate waste and prioritizing funds, many...
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Mar 22, 2024
03/24
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we can't take that when we are running now to trillion dollar deficits. social security is the have. >> i would be glad to get back to you. i'm slipping through my folder here through last stat that i would be glad to get back to you with a high-level view of what the mostn types. >> i ran a business for 37 years. if we ever had any irregularities that would have been in the category of, somebody gets fired you either fix it immediately but they would have been some type of awareness that you ejl couldn' t does get to be part and parcel they pay the price big time and liability involved to boot. here is something that struck me efficiency tool you can do on almost anything and it's part of a biden directive shortly after getting elected in 21. the chairman casey and i had to write a letter to the social security administration. we on december 13th and ironically, we did it here today from the administration. >> it wasn't ironic, it was causal. >> stuff like that is low hanging fruit. i imaginernor and i know for me coming from the real world of running a
we can't take that when we are running now to trillion dollar deficits. social security is the have. >> i would be glad to get back to you. i'm slipping through my folder here through last stat that i would be glad to get back to you with a high-level view of what the mostn types. >> i ran a business for 37 years. if we ever had any irregularities that would have been in the category of, somebody gets fired you either fix it immediately but they would have been some type of...
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Feb 15, 2012
02/12
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he said the deficit and debt of this nation is greatest security. i know you take that seriously and with we talked about it, mr. secretary. i'm doing everything i can to cross over the aisle in a bipartisan way how we make this financial where with alls that we have financially but also get our financial house in order. we talked about cutting back. i don't know about anybody in here, democrat or republican that does not support a strong military but everybody is afraid of the political ramification if they say one thing. i can only say this to you, with the growth of contractors in the military, when i look at the period of time, maybe 10 years and support of contractors, i'm not talking about the manufacturing base of contracting and i wanted to maybe mention if you would, as i get done with this question about buy american, how we can do more in america to make sure we're supporting the manufacturing base. but with that being said, i, simplistic way i believe we could strengthen the military or men and women in uniform by reducing the contractor
he said the deficit and debt of this nation is greatest security. i know you take that seriously and with we talked about it, mr. secretary. i'm doing everything i can to cross over the aisle in a bipartisan way how we make this financial where with alls that we have financially but also get our financial house in order. we talked about cutting back. i don't know about anybody in here, democrat or republican that does not support a strong military but everybody is afraid of the political...
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Dec 19, 2013
12/13
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and they said it would cut the deficit to $160 billion over the next decade. and a lot of these people here are not necessarily paying taxes, strengthening the economy, all of this stuff, all that is good for the budget deficit. >> recently the president has been addressing the inequality issue and what specific policies flow from that concern? tax reform? anything else? >> if you look at the speech, the first thing they said was economic growth and we need to go this and it's a much better position to address with these problems if we have a larger economy. but it's not a guarantee that the benefits flow to the typical family and that's something where the minimum wage comes in and to a degree we have in this includes some households. >> what you pay attention to the most every month for a data point, and how the country is doing? >> the one i pay attention to is the median household income and we only have that every year. but i will answer your monthly question. and that is the timely measure of the economy and there's a good reason that others pay attentio
and they said it would cut the deficit to $160 billion over the next decade. and a lot of these people here are not necessarily paying taxes, strengthening the economy, all of this stuff, all that is good for the budget deficit. >> recently the president has been addressing the inequality issue and what specific policies flow from that concern? tax reform? anything else? >> if you look at the speech, the first thing they said was economic growth and we need to go this and it's a...
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Jan 9, 2017
01/17
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we have to deal with the deficit. but as senator paul has indicated, the -- if the republican budget resolution passes, the federal deficit would more than double over the next decade going from $571 billion this year to over $1.3 trillion ten years from now. and i would hope that all of the deficit hawks on the republican side hear what senator paul has to say and support him. i will not support him, because i understand that the cuts that he is proposing are devastating to working families, to the elderly, to the children, to the sick and the poor. they would mean massive cuts in medicare, medicaid, federal aid to education and a variety of programs that people desperately need. so i will oppose the amendment, but all of my republican friends who year after year talk about the deficit, here's a vote that you should cast. thank you. the presiding officer: the question is on the amendment. the yays and nays are requested. is there a sufficient second? there appears to be. the clerk will call the roll. vote: vote: vote
we have to deal with the deficit. but as senator paul has indicated, the -- if the republican budget resolution passes, the federal deficit would more than double over the next decade going from $571 billion this year to over $1.3 trillion ten years from now. and i would hope that all of the deficit hawks on the republican side hear what senator paul has to say and support him. i will not support him, because i understand that the cuts that he is proposing are devastating to working families,...
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Jun 13, 2022
06/22
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that wouldpl help bring down the deficit, help bring down the cost of the federal government, make it cheaper for seniors to buy the medicine they needey to live. >> it's a nice pitch, it almostr isn't true. i spent a lot of time being part of the medicare program and i can assure you their ability to negotiate prices is minimal. we don't negotiate prices now. i'm talking about any prices so we are talking about hospitals, hospitals and all the services, none of the prices are negotiated. they set limits, congress could set limits but doesn't necessarily mean this will bailout the medicare program, prescription drugs is a small portion spending on the medicare program. as everyone forgets, hospitals are big spenders so if having government set prices is a good idea and tell your colleagues on the hill that they should look at the hospital industry. i don't endorse that, i think it's a terrible idea but that's where the money is. >> this might be a good time to explain your background on this and we will have you both do that but how long have you been working on these issues? >> i ref
that wouldpl help bring down the deficit, help bring down the cost of the federal government, make it cheaper for seniors to buy the medicine they needey to live. >> it's a nice pitch, it almostr isn't true. i spent a lot of time being part of the medicare program and i can assure you their ability to negotiate prices is minimal. we don't negotiate prices now. i'm talking about any prices so we are talking about hospitals, hospitals and all the services, none of the prices are negotiated....
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Nov 14, 2013
11/13
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not a penny of tax loopholes can go for deficit reduction. now, they've said they're willing to move the treasure around a little bit in ali baba's
not a penny of tax loopholes can go for deficit reduction. now, they've said they're willing to move the treasure around a little bit in ali baba's
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Jul 31, 2011
07/11
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so the reid proposal is the largest amount of deficit reduction, $2.4 trillion of deficit reduction, for $2.4 trillion of debt ceiling increase so we can get through march of next year, march of 2013; march of the year after that. that gives us the stability we need. we know what we've gone through already as far as this debt ceiling debate. it's already hurt our country. we don't want to go through this again. and that's what i think is critically important by moving forward to get this done. now, mr. president, we're going to have a vote in about 45 minutes, and that vote is on cloture. i want to explain. senator levin talked about it yesterday. what the republicans are doing is they're filibustering the debt limit bill. that's what it is. it's a filibuster. they're requiring us now to have 60 votes rather than a simple majority. the speaker of the house, speaker boehner, passed his proposal in the house with a majority of those voting. now, that's what democracy should be about. and we're talking about the debt limit increase and whether it is a type of issue that should be filibu
so the reid proposal is the largest amount of deficit reduction, $2.4 trillion of deficit reduction, for $2.4 trillion of debt ceiling increase so we can get through march of next year, march of 2013; march of the year after that. that gives us the stability we need. we know what we've gone through already as far as this debt ceiling debate. it's already hurt our country. we don't want to go through this again. and that's what i think is critically important by moving forward to get this done....
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Jan 8, 2014
01/14
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it had no tax increases, had net deficit reduction in it, barely, but some, it didn't do everything but it set those budget levels so we now have caps we can work against so we can begin the appropriations process which involves oversight that has not been done appropriately for four years now, involves prioritizing spending that has not been done, frankly, the agencies and departments have been on their own with these so-called continuing resolutions because there hasn't been the constitutional requirement that the congress appropriate every dime, that's our duty, our constitutional duty, the power of the purse. that simply hasn't happened here. i think the budget is important. by setting those caps, we made statements to the american people we're going to stick to these budget caps, both on the discretionary side on the smaller part of the budget that we appropriate every year and also on the mandatory side. those caps are violated by unemployment insurance being extended without paying for it. and so subject to a point of order on the floor of the house or the senate. and frankly, i
it had no tax increases, had net deficit reduction in it, barely, but some, it didn't do everything but it set those budget levels so we now have caps we can work against so we can begin the appropriations process which involves oversight that has not been done appropriately for four years now, involves prioritizing spending that has not been done, frankly, the agencies and departments have been on their own with these so-called continuing resolutions because there hasn't been the...
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Feb 13, 2013
02/13
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your testimony goes in to try care deficits by year-end. a guardsman whose full-time civilian job is a dod civilian job wanted to talk about what furloughs mind another safety medical retirement want to talk a little bit about workforce they might be going back into an potential effect on the economy of drastic cuts that would make it harder for them to get traction to civilian life. this is a series are expected to be talking about many things, but what i heard and ended up talking about was budgetary insurgency. this follows the testimony secretary secretary panetta and dempsey last week. i wanted to ask questions focusing on sunday the issues. the announcements last week with the truman and lincoln. i know one of the priorities are focusing on is trying to make decisions that are in fact reversible should congress to her business and get this right. some of the decisions even now, how long can we persist down that path before decisions are to have the reversible effect of readiness in shape of incapacity? >> senator, beginning february 1
your testimony goes in to try care deficits by year-end. a guardsman whose full-time civilian job is a dod civilian job wanted to talk about what furloughs mind another safety medical retirement want to talk a little bit about workforce they might be going back into an potential effect on the economy of drastic cuts that would make it harder for them to get traction to civilian life. this is a series are expected to be talking about many things, but what i heard and ended up talking about was...
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Apr 3, 2014
04/14
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if you raised taxes, it would be used to reduce the deficit. so now we have been able to switch that around so the rising of taxes are allowed to increase new spending. so these deficit reserve funds have been used by senator reid and the majority to pass or propose an additional $13 billion in spending above the caps already. now, the unemployment bill still triggers a long-term deficit point of order because it uses revenue timing shifts to conceal long-term deficit impact, so it's still in violation of the budget, even though two of the points of order are gone. we do have to look at the long-term deficit picture, and it's good that we still at least have that point of order that we can raise. we can't just spend today because it fits within the ten-year window and somehow looks okay, whereas we know in the out years it's going to add to the deficit of the united states. so the budget drafters and the b.c.a. people have got language in to prohibit that, rightly so. the problem is we won't adhere to it. last year, we paid our creditors $221 b
if you raised taxes, it would be used to reduce the deficit. so now we have been able to switch that around so the rising of taxes are allowed to increase new spending. so these deficit reserve funds have been used by senator reid and the majority to pass or propose an additional $13 billion in spending above the caps already. now, the unemployment bill still triggers a long-term deficit point of order because it uses revenue timing shifts to conceal long-term deficit impact, so it's still in...
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Feb 1, 2012
02/12
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it will reduce the deficit. we don't have a number yet from the joint committee on taxation, but the public reporting so far has suggested it's going to be in the $40 billion to $50 billion range per year. of course it will bring fairness as well as common sense to our tax system. it really makes no sense for somebody earning $80,000 or $100,000 or $120,000 a year to be paying a stupbl higher tax rate than somebody earning $225 million a year. there are a lot of advantages that come with enormous income, and that's a great thing because america thrives on capitalism, and we all love success. we celebrate success in america. we provide a, an economy and a culture in which people can accomplish remarkable things and create enormous fortunes and become enormously successful. and that is part of what is good and what is right with america. they do it through hard work. they do it through being smarter than other people. they do it with a lot of good personal characteristics. but with all the advantages that do come
it will reduce the deficit. we don't have a number yet from the joint committee on taxation, but the public reporting so far has suggested it's going to be in the $40 billion to $50 billion range per year. of course it will bring fairness as well as common sense to our tax system. it really makes no sense for somebody earning $80,000 or $100,000 or $120,000 a year to be paying a stupbl higher tax rate than somebody earning $225 million a year. there are a lot of advantages that come with...
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Dec 12, 2014
12/14
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we've sliced off a trillion a year in deficit, annual deficit costs. in alaska we've seen incredible things. more jobs in mining and timber, tourism, nearly one million visitors, 78,000 people in the fisheries jobs, fisheries industry. but it's important to remember this is just a moment in time of challenges we have as a body and as a country. it's important to remember there's lots of work ahead of us. but we have accomplished a lot. but we spend a lot of time on in this floor debating what's bad about this country. rarely do you have, and i mean, we're seeing it now because a lot of us are coming down and giving our farewell speeches and talking about good things. and there are a lot of things that we should be proud of as a country. i'm proud of the last six years what we've done. this country is back on track. we have more work to do to make sure people's incomes rise, but that's starting to happen now. the challenge is going to be for my colleagues or that are still here and for this country is, you know, it's been an incredible honor to be in th
we've sliced off a trillion a year in deficit, annual deficit costs. in alaska we've seen incredible things. more jobs in mining and timber, tourism, nearly one million visitors, 78,000 people in the fisheries jobs, fisheries industry. but it's important to remember this is just a moment in time of challenges we have as a body and as a country. it's important to remember there's lots of work ahead of us. but we have accomplished a lot. but we spend a lot of time on in this floor debating what's...
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May 25, 2011
05/11
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deficits have gotten larger, not smaller. now, of course, i recognize that many of my democratic colleagues will come to the floor and argue that they support the policies that president obama put forth in a speech later on -- i guess april -- at george washington university. unfortunately for the democrats, the leader of their party doesn't deliver speeches in legislative text. speeches alone aren't going to solve the big problems that we face in this nation. we need serious solutions to our country's very serious problems. we need real leadership. the future generations of this country serve no less -- deserve no less, and that's what house budget chairman ryan has offered, and that's what we have colleagues here on our side of the aisle like senator toomey and senator paul are going to offer to the united states senate. what have the democrats offered to address the looming fiscal crisis? and the answer is no resolution at all. so i have a blank page here representing the fact that they have no plan whatsoever. are they go
deficits have gotten larger, not smaller. now, of course, i recognize that many of my democratic colleagues will come to the floor and argue that they support the policies that president obama put forth in a speech later on -- i guess april -- at george washington university. unfortunately for the democrats, the leader of their party doesn't deliver speeches in legislative text. speeches alone aren't going to solve the big problems that we face in this nation. we need serious solutions to our...
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Dec 3, 2015
12/15
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and this year has gone up to 3.4 billion and so even though inflation is up in the budget deficits are >> we want them all. >> well, i thought that your answer was part of this operation streamline was not adequate. i also believe that your answer to the senators question hs dropped from 71 agreements to 31 agreements and it's very troubling. we have to have better cooperation with local law enforcement and we need to see what works at the border. the american people are trying to argue over means and problems, they want to see some actions and positive results. and i yield back over to you. >> thank you, senator. ma'am, welcome. the last thing that we have, we discussed in 2013 how the obama administration had released over 104,000. >> at that hearing you misstated that number by a factor of over two. and they had released illegal aliens with homicide elections. were hundred 26 sexual assault conviction and we had 303 mapping convictions. and 9187 dangerous drug conviction and 16,070 drunk or drunk driving conviction and 303 whitest deep convictions. how many murderers and rapists was
and this year has gone up to 3.4 billion and so even though inflation is up in the budget deficits are >> we want them all. >> well, i thought that your answer was part of this operation streamline was not adequate. i also believe that your answer to the senators question hs dropped from 71 agreements to 31 agreements and it's very troubling. we have to have better cooperation with local law enforcement and we need to see what works at the border. the american people are trying to...
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129
Dec 14, 2011
12/11
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deficit we in many ways the federal budget becau deficits we face a dauntings have today because to many members of congress have taken that advice also over the past decade but also it's because it is whatit's onl americans expect it of us. it's only natural. people want the best of both this worlds. but we can't continue down this pat budget toh a path and hope thein results will be different than they have been in the past.by in fact the results get worse by the day. from based on what i hear from phil a lit roetl. bud it may cause a little budget pain. in the balanced budget amendmentction. to the constitution is serious action. require us to get a larger collective obligation to the no national economy. i will admit my support of thepart balanced budget amendment as it may be particularly popular democrats are not in the pan the amendme there's a balanced budget amendment idea and of the state's democrats are suspicious propos that balanced budget proposals are a trojan horse. to they look good on the surfacems that the figure designed to dismantle government programs. most american
deficit we in many ways the federal budget becau deficits we face a dauntings have today because to many members of congress have taken that advice also over the past decade but also it's because it is whatit's onl americans expect it of us. it's only natural. people want the best of both this worlds. but we can't continue down this pat budget toh a path and hope thein results will be different than they have been in the past.by in fact the results get worse by the day. from based on what i...
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0.0
Jul 23, 2022
07/22
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close a number senator markey raised with respect to the aviation security passenger fee diversion to deficit reduction. so that's the most significant issue for us in our budget, bar none, is to make sure we get pay equity for workforce. the second is to allow us to do a full collective bargaining which i strongly support but we are not resourced to do that. that's in the order about $120 million. i think that will improve overall workplace environment within tsa. i think will improve retention and would really strong ask the congress to support that additional funding for full collective-bargaining for tsa. with respect to other aviation workers, i would highlight as well in addition to some of the workers that have been mentioned are the gate agents that done a tremendous job job in this pandemic recovery, and the flight attendants who have dealt with a lot of unruly passenger behavior over the last year. i'd swore to make sure that a mention of their efforts as well. thank you. >> thank you for being here today. mr. chairman, i yield back. >> senator blackburn. >> thank you, mr. chairman.
close a number senator markey raised with respect to the aviation security passenger fee diversion to deficit reduction. so that's the most significant issue for us in our budget, bar none, is to make sure we get pay equity for workforce. the second is to allow us to do a full collective bargaining which i strongly support but we are not resourced to do that. that's in the order about $120 million. i think that will improve overall workplace environment within tsa. i think will improve...
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Jul 25, 2019
07/19
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a deficit is a deficit is a deficit. they try to make the arguments that massive tax cuts won't create a deficit, but all the numbers that are coming in now and are projected for the future say that is just not true. if the "wall street journal" really cared about deficits above all, they wouldn't have supported the tax bill. when the senate debated these tax cuts in 2017, there were several proposals on the table. many democrats and republicans supported them that would have reduced taxes on corporations while remaining deficit-neutral. many would have changed the tax codes in ways i didn't support, but nonetheless they would have held revenues and expenditures in line. we didn't hear a peep out of the "journal" to support those proposals. oh no. democrats even put together a deficit-neutral middle-class tax cut at the time but republicans ignored it and pushed through congress a bill that lined the pockets of the wealthy, blowing a $2 trillion hole in our deficit. "the wall street journal" could have said something the
a deficit is a deficit is a deficit. they try to make the arguments that massive tax cuts won't create a deficit, but all the numbers that are coming in now and are projected for the future say that is just not true. if the "wall street journal" really cared about deficits above all, they wouldn't have supported the tax bill. when the senate debated these tax cuts in 2017, there were several proposals on the table. many democrats and republicans supported them that would have reduced...
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Jun 4, 2013
06/13
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the trade deficit keeps this -- this kind of trade deficit keeps our domestic companies on the offensive. it means that workers in/owe, has mass, or rhode island, throughout the midwest and across america are prevented from unlocking their potential. our manufacturers are still the most productive in the world. our workers are the most skilled and the most productive in the world. their productivity continues to go up and up and up, in part because of globalization. however, their wages have been stagnant. that's part of the price that our country is paying for globalization. buand our workers can't compete when china cheats? how can we win when our manufacturers can't win contracts because china doesn't play fair? in many ways china and so many of our trading partners practice trade according to their national interest, yet we in the united states practice trade according to some economic textbook -- economics textbook that's been out of print for the last 20 years. despite universal agreement that china continues to manipulate its currently toy gain an artificial advantage over america
the trade deficit keeps this -- this kind of trade deficit keeps our domestic companies on the offensive. it means that workers in/owe, has mass, or rhode island, throughout the midwest and across america are prevented from unlocking their potential. our manufacturers are still the most productive in the world. our workers are the most skilled and the most productive in the world. their productivity continues to go up and up and up, in part because of globalization. however, their wages have...
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104
Jul 29, 2013
07/13
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we've had a lost deficit reduction. i guess the question, and i'll start with bob on the end is, i think that a lot of people say, boy, would it be a big deal if people like the two of you, people who have your view on things, came out and said, right now the problem isn't the deficit, the bigger problem is the state of the economy and the deficit's second. why not make that argument from your perspective and push the deficit to a secondary? >> well, i'm happy to accept jared's version of deficit reduction as chocolate. things that hasn't changed that much, clearly the deficit has come down in the short term but i think we've been making the case on the grand bargain side, that the short-term deficit not the problem and that what we need to do from a grand bargain point of view is, attack the structural deficit which is the, long-term mismatch between spending programs and revenues, and you need to put those things on the table. so, i would, you know, agree that, in the, you know, in the short term the deficit is, is co
we've had a lost deficit reduction. i guess the question, and i'll start with bob on the end is, i think that a lot of people say, boy, would it be a big deal if people like the two of you, people who have your view on things, came out and said, right now the problem isn't the deficit, the bigger problem is the state of the economy and the deficit's second. why not make that argument from your perspective and push the deficit to a secondary? >> well, i'm happy to accept jared's version of...
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Mar 12, 2013
03/13
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we believe it's critical we stablize the deficit. it will take more of the accounting gimmicks to achieve real debt reduction and at the time when corporations are making record and american income continues to rise. the deficit income shouldn't be at the middle class families, senior citizens, and the poor. democrats and independents, and republicans. they want a fair -- deficit reduction that makes sensible cut as profitable corporations to share the burden balance. that's why this budget committee chair patty murray budget that reflects the priority. her plan, the democrat plan will cut wasteless spending and invest in what the economy needs to go really hard to continue to build to grow and encourage a strong middle class. paul ryan and the republican colleagues in congress are taking different approach. it makes it plain. the budget will once again put noun special interest ahead of middle class families and. and no amount of rebranding will hide that, mr. president. >>> those remarks took place earlier today on the senate floor
we believe it's critical we stablize the deficit. it will take more of the accounting gimmicks to achieve real debt reduction and at the time when corporations are making record and american income continues to rise. the deficit income shouldn't be at the middle class families, senior citizens, and the poor. democrats and independents, and republicans. they want a fair -- deficit reduction that makes sensible cut as profitable corporations to share the burden balance. that's why this budget...
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Jan 15, 2014
01/14
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deficit reduction should not be accomplished by shifting the cost to the states and also through unfunded mandates. states should be given increased flexibility to create the efficiencies and to achieve results. congress should not impose maintenance efforts provisions on states as a condition of funding to the states. so let's go back and look at one year ago. one year ago last january i stood before you, and we reviewed the challenges that the states faced, and we highlighted our challenges for our vision for 2013. congress had just had and cat a last-minute new year's deal to resolve the budget impasse one year ago. congress avoids a march 1st sequestered by implementing solutions to reduce the deficit and promote economic growth. in february that it -- we join several other organizations in urging congress to complete a long overdue reauthorization of the elementary and secondary education act, fixing the flaws in the no child left behind bill. .. and restore the 15% set aside and the cash set aside or governors to create jobs to spur economic growth, to grow family income and to help
deficit reduction should not be accomplished by shifting the cost to the states and also through unfunded mandates. states should be given increased flexibility to create the efficiencies and to achieve results. congress should not impose maintenance efforts provisions on states as a condition of funding to the states. so let's go back and look at one year ago. one year ago last january i stood before you, and we reviewed the challenges that the states faced, and we highlighted our challenges...
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Dec 18, 2013
12/13
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it does all this while reducing the deficit. that being said, this agreement is not perfect, especially when it comes to the harmful budget cuts made at the expense of our men and women in uniform. and i'll be the first to tell you that we need to cut our spending but we need to do it in a responsible way. we need to cut waste, fraud and abuse. we need to eliminate things like the unnecessary government purchasing and -- and maintenance of real estate and buildings. we can end, you know, out-of-date and ineffective government programs. but we cannot balance the budget on the basics our hardworking military members and their families. as the senator from arizona said a few moments ago, he's hopeful, and i think many of us believe and agree, that we'll have a chance to fix this someday soon and that's why i'm here today, to encourage my colleagues from both sides of the aisle to support commonsense solutions, commonsense provisions that restore full retirement pay for our future military retirees and repeal section 403 of this agr
it does all this while reducing the deficit. that being said, this agreement is not perfect, especially when it comes to the harmful budget cuts made at the expense of our men and women in uniform. and i'll be the first to tell you that we need to cut our spending but we need to do it in a responsible way. we need to cut waste, fraud and abuse. we need to eliminate things like the unnecessary government purchasing and -- and maintenance of real estate and buildings. we can end, you know,...
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Aug 6, 2022
08/22
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so what about the deficit reduction democrats are touting. unfortunately, there is a good chance there won't be much of that. democrats rely on shady accounting to reach the deficit number. most notably counting $120 billion in savings to appeal a rule that was never implemented and at this point is never expected to be. no matter what this rule was going to cost, its cost was effect h.i.v.ly zero. -- was effectively zero. so this bill will leave you with zero dollars to spend, not $120 billion. then there's the question of the bill's expanded by unanimous consent subsidies. democrats' bills expand the obama subsidies by three years. as -- when you figure in the cost of extending them permanently, most of the purported cost savings in the bill which democrats claim will go toward deficit deduction dwindle away. so no inflation reduction, an extremely doubtful amount of deficit reduction. what else? well, there are the hundreds of billions of dollars in tax hikes. yes, madam president, hundreds of billions of dollars in tax hikes. our economy
so what about the deficit reduction democrats are touting. unfortunately, there is a good chance there won't be much of that. democrats rely on shady accounting to reach the deficit number. most notably counting $120 billion in savings to appeal a rule that was never implemented and at this point is never expected to be. no matter what this rule was going to cost, its cost was effect h.i.v.ly zero. -- was effectively zero. so this bill will leave you with zero dollars to spend, not $120...
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Nov 16, 2011
11/11
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reid: to both deficit reduction a and the development of new energy technologies. madam president, i would. ms. murkowski: i would encourage the senate to support any amendment that strikes the spro provision in this bill and encourage us instead to focus on the development of a more viable long-term energy policy. with that, madam president, i yield the floor. and i would suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call:
reid: to both deficit reduction a and the development of new energy technologies. madam president, i would. ms. murkowski: i would encourage the senate to support any amendment that strikes the spro provision in this bill and encourage us instead to focus on the development of a more viable long-term energy policy. with that, madam president, i yield the floor. and i would suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call:
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May 19, 2016
05/16
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president, i'd like to speak to the issue that was just brought up dealing with deficit spending and specifically the choice program. three years ago, congress put into place a response to what was happening in v.a. centers all over the country.. for any of us that are in congressional offices we were aware and pushing on this issue and had pushed on this issue for awhile. but the media exposed what we all saw, and that was the long secret waiting list for veterans so that the v.a. centers could keep their positive numbers up and look better. months of waiting for things that would take days across the street. as i dealt with the v.a. center in my own city, it would take six months at times to tkpwept tkpwept -- get a knee replacement center when the great hospital directly across the street they could get that same surgery within two days. hearing aids that would take months and months to actually go through the process to get it at our v.a. centers. cancer care that should be diagnosed with cancer needs and that treatment was going to be required and literally send you across the c
president, i'd like to speak to the issue that was just brought up dealing with deficit spending and specifically the choice program. three years ago, congress put into place a response to what was happening in v.a. centers all over the country.. for any of us that are in congressional offices we were aware and pushing on this issue and had pushed on this issue for awhile. but the media exposed what we all saw, and that was the long secret waiting list for veterans so that the v.a. centers...
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Dec 1, 2017
12/17
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but their scoring shows it over $1 trillion in deficits. guess who's going to pay nor those deficits? it's going to be middle-income families. and then you put on top of that the repeal of the mandate under the affordable care act, which is going to also hurt middle-income families on their ability for affordable health care. so this bill advertised to help middle-income families does not do that. for my state of maryland it's particularly painful because of the loss of the state and local tax deductions that is used by almost a majority of our taxpayers, just about 50% of our taxpayers of maryland use the state and local tax deduction. but there's another reason why this bill has been advertised not just to help middle-income families, which it doesn't do, but it's called job creation. so i want to share with my colleagues -- the presiding officer: the senator will suspend. the senate will be in order. the senator from maryland. mr. cardin: mr. president, i thank you for calling the senate to order. but this bill is advertised as a bill th
but their scoring shows it over $1 trillion in deficits. guess who's going to pay nor those deficits? it's going to be middle-income families. and then you put on top of that the repeal of the mandate under the affordable care act, which is going to also hurt middle-income families on their ability for affordable health care. so this bill advertised to help middle-income families does not do that. for my state of maryland it's particularly painful because of the loss of the state and local tax...
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Dec 4, 2012
12/12
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reduction, support adding to the deficit with high-end tax cuts. in rhode island at least, those are lousy priorities when it comes to deficit reduction. we should let the tax cuts at the top expire for reasons also of fairness. loopholes and special provisions allow many super high income earners to pay lower tax rates than many middle-class families. according to the nonpartisan congressional research service, 65% of individuals earning a million dollars or more annually pay taxes at a lower rate than median income taxpayers making $100,000 or less. 65%, nearly two-thirds, of individuals earning over a million dollars a year actually pay a lower tax rate than median income taxpayers do. that is a tax system that has turned upside-down and needs to be fixed. earlier this year, a majority of senators voted to advance my "paying a fair share act," the buffett rule bill to ensure that multimillionaire earners pay at least a 30% effective federal tax ray. the rate they're supposed to pay is 35% under the income tax laws but because of all these loopho
reduction, support adding to the deficit with high-end tax cuts. in rhode island at least, those are lousy priorities when it comes to deficit reduction. we should let the tax cuts at the top expire for reasons also of fairness. loopholes and special provisions allow many super high income earners to pay lower tax rates than many middle-class families. according to the nonpartisan congressional research service, 65% of individuals earning a million dollars or more annually pay taxes at a lower...
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Jan 9, 2018
01/18
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surely the deficit again can't be the problem after adding over $1.5 trillion in red ink. so let's make investments we know are essential in our military and in our middle class. we also have to make sure the disaster package treats all our states and territories fairly, that california and puerto rico and the mountain west and the u.s. virgin islands get the aid they need, just like texas and louisiana and florida. we have to reach agreement on a new health care package that admits the new reality of our health care system. the republicans repealed the individual mandate in their tax bill, an act that will raise premiums and lower coverage. the old health care compromise legislation was crafted before the republican tax bill. patty murray has said under new circumstances we need a new proposal. we can't just enact the previous alexander-murray because of the change our republican colleagues made to the health care system. and then of course there's the daca issue. that's going to require further compromise. there are many republicans in this chamber who want to enshrine d
surely the deficit again can't be the problem after adding over $1.5 trillion in red ink. so let's make investments we know are essential in our military and in our middle class. we also have to make sure the disaster package treats all our states and territories fairly, that california and puerto rico and the mountain west and the u.s. virgin islands get the aid they need, just like texas and louisiana and florida. we have to reach agreement on a new health care package that admits the new...
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Nov 14, 2013
11/13
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not a penny of tax loopholes can go for deficit reduction. now, they've said they're willing to move the treasure around a little bit in ali baba's cave as long as it still gets used for corporations and the wealthy. that's not a guess, by the way. that is the way the republican budget ^+budget is structured. that's their budget numbers. awful it to lower -- all of it to lower tax rates for corporations and the rich. they're willing to spread the wealth around, as long as it stays in the same hands. we're at the gates of ali baba's cave, this special treasure-trove of earmarks for the rich and connected. we're at that place where the lobbyistists queel the special x deals. we're knocking on the door of tax spending that has been completely untouched, completely untouched in the deficit reduction so far. and our republican colleagues are getting a little twitchy. come on, fellahs. out of nearly $14 trillion in tax spending and earmarks, can't we put just 7% of it, just 7% of it toward the debt and the deficit? our proposal is to leave 93% of t
not a penny of tax loopholes can go for deficit reduction. now, they've said they're willing to move the treasure around a little bit in ali baba's cave as long as it still gets used for corporations and the wealthy. that's not a guess, by the way. that is the way the republican budget ^+budget is structured. that's their budget numbers. awful it to lower -- all of it to lower tax rates for corporations and the rich. they're willing to spread the wealth around, as long as it stays in the same...
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Feb 12, 2013
02/13
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current account deficits. it's come down along way and is no longer what i regard as on a sustainable course. so i feel that we have made, we have made progress in that regard. let me take a quick pass at a completely different question on negative home equity. i'm not going to get into the question of principal reduction, but we have the federal reserve, has been quite concerned about negative equity, about the lingering problem in the housing sector. and i think i'm as i mentioned in my prepared remarks, negative equity and diminished equity makes it harder for homeowners to gain access to credit come is one of the things that's really a head when to the economy and and is also probably continuing the impact of monitor policy. and we put forward a number of suggestions last year any white paper, and have worked with many groups and other parts of the government to try to think about what can be done. i think the changes that have been made to the h.a.r.p. program to make it easier for households to refinance
current account deficits. it's come down along way and is no longer what i regard as on a sustainable course. so i feel that we have made, we have made progress in that regard. let me take a quick pass at a completely different question on negative home equity. i'm not going to get into the question of principal reduction, but we have the federal reserve, has been quite concerned about negative equity, about the lingering problem in the housing sector. and i think i'm as i mentioned in my...
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Jul 23, 2022
07/22
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the diversion of the september 11 security fee to deficit reduction has had a significant consequence for our aviation system. this misguided policy siphons and $1.5 billion from tsa's budget every single year, depriving tsa, depriving you of the critical resources you need in order to provide security for our nation. that's why i introduced the faster act which would in this he diversion and issue the tsa and its workforce have the tools they need. administrator pekoske, you agree that ending the diversion is critical to improving the security of our transportation system? >> i couldn't agree with that statement more. this has been going on since 2013 balanced-budget agreement it goes on for several more years by extension of that agreement. $1.52 billion in fy '23 the provide additional top line for tsa. >> and it's actually critical, we had to fight very hard after 9/11 to finally put in place the security provisions, which we have. but again, of vision, security without funding is a hallucination. you've got to the finding of her to make sure that it works. you should be able to u
the diversion of the september 11 security fee to deficit reduction has had a significant consequence for our aviation system. this misguided policy siphons and $1.5 billion from tsa's budget every single year, depriving tsa, depriving you of the critical resources you need in order to provide security for our nation. that's why i introduced the faster act which would in this he diversion and issue the tsa and its workforce have the tools they need. administrator pekoske, you agree that ending...
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Jul 30, 2013
07/13
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floor today to talk about an issue that is at the heart of the discussion of our national debt and deficit, and that is health care spending. these days, around washington, there is a regular refrain echoing through the hallways -- in order to fix our deficit, we must cut medicare and medicaid benefits. well, that is wrong. that idea is according to the former c.e.o. of kaiser permanente, somebody who knows a little something about health care, and i'll quote him, so wrong it's almost criminal, it's an inept way of thinking about health care. i could not agree more. it was put this way by from herrick, who is a columnist for my hometown paper, the providence journal. i'll quote her -- "the dagger pointed at america's economic viability hasn't been the existence of government programs like medicare. it's been the relentless rise in health care costs that plagues not only medicare and medicaid but everyone who uses health care. attacking medicare and medicaid ignores the fact that our health care spending problem is systemwide and not just unique to federal programs. our colleague, senator a
floor today to talk about an issue that is at the heart of the discussion of our national debt and deficit, and that is health care spending. these days, around washington, there is a regular refrain echoing through the hallways -- in order to fix our deficit, we must cut medicare and medicaid benefits. well, that is wrong. that idea is according to the former c.e.o. of kaiser permanente, somebody who knows a little something about health care, and i'll quote him, so wrong it's almost criminal,...
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Nov 1, 2011
11/11
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because spending on nature conservation didn't cause the deficit and can't fix the deficit. therefore, it's important that we urge congress to understand cuts to nature conservation should not be disproportionate. third point, third and final point, that's not to say that investments in nature and government activities in these areas can't be optimized, can't be improved, can't be redesigned so we get more bang for the buck. the conservancy is strongly in favor and looking hard at federal spending in nature on conservation spending to fine tune investments so that the better programs are grown and those programs that should be cut back are cut back as appropriate. but the key message i want to make is nature's not a luxury item, nature, rather, should be viewed as capital infrastructure, a vital underpinning of the economy and human well being. thank you very much. [applause] >> thank you, mark. our third speaker is dale hall who's the president and ceo of ducks unlimited. it's also worth noting that dale is a former director of the u.s. fish and wildlife service. >> thank y
because spending on nature conservation didn't cause the deficit and can't fix the deficit. therefore, it's important that we urge congress to understand cuts to nature conservation should not be disproportionate. third point, third and final point, that's not to say that investments in nature and government activities in these areas can't be optimized, can't be improved, can't be redesigned so we get more bang for the buck. the conservancy is strongly in favor and looking hard at federal...
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Jun 25, 2013
06/13
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he talk about the deficit, income gap, and implementation of the health care law. this is a half hour. [no audio. ] i want to start with main of your themes at the rock and roll hall of fame. you observe the gap between the best off americans and the worst off americans has been growing substantially over time. you argue it wasn't just wrong as a matter of politics or values. it was bad for the economy. you said a more equal distribution of wages could be good for business. it would raise morale and productivity. and you basically said that the u.s. economy would probably grow better, faster, if this gap between, say chief checktive -- executive and the janitor was narrower. in other words, these guys are either making too much money, or paying their staff too low. and their companies would be better off if it were different? >> i think that's right. let me put in context. did no. -- >> the point i was making we reached a point in our society where inequality is harmful for the economy. and i think throughout most of our history there was a trade-off between inequa
he talk about the deficit, income gap, and implementation of the health care law. this is a half hour. [no audio. ] i want to start with main of your themes at the rock and roll hall of fame. you observe the gap between the best off americans and the worst off americans has been growing substantially over time. you argue it wasn't just wrong as a matter of politics or values. it was bad for the economy. you said a more equal distribution of wages could be good for business. it would raise...
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Nov 17, 2023
11/23
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highlights the genetic link between suicide factors such as impulsivity, chronic pain, attention deficit hyperactive disorder, those conditions are associated with certain genetic makeups and you have evidence as to the statistical links and the potential for treating them. when will this information be in a sense a weaponize into treatment that is available to the thousands maybe millions of veterans who could benefit? >> thank you for the question senator. the paper just came out recently we have identifiedea associatio. meeting a genetic change is associated with certain conditions. so there are several steps that need to happen before it actually becomes a biomarker or a new drug is discovered because of itec or drug can be repurposd because of that. we have to validate these results and then see if there is already a drug approved by fda that could be used for any of these conditions that can be repurposed for preventing suicide. so that's a longer step work with fda and others to get to that point but there are a few steps from the initial discovering to making it available. >> how
highlights the genetic link between suicide factors such as impulsivity, chronic pain, attention deficit hyperactive disorder, those conditions are associated with certain genetic makeups and you have evidence as to the statistical links and the potential for treating them. when will this information be in a sense a weaponize into treatment that is available to the thousands maybe millions of veterans who could benefit? >> thank you for the question senator. the paper just came out...
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Jul 30, 2015
07/15
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in defense, some of the debt has to do with offering deficits of the central government that were financed. and we shouldn't do that. we should live within our means. but the first thing i should say is that this is not one that not one sovereign debt. puerto rico is an american territory. and, again, there are debts from , let's say, the puerto rican electric authority, one of the entities. any the central government of puerto rico that has issued general obligation bonds. our constitution protects those bonds. pretty much gives them first priority in terms of paying them. so that is themacro, the broad picture -- the macro, the broad picture. host: can puerto rico pay it jack of -- it? guest: yes. there are some authorities that are having difficulty in meeting their payment obligations. that entity has already a forbearance agreement with its major creditors dating back about a year. so that is an entity that definitely -- it needs to restructure its organizations -- operations, as well as its organization, to make it if it fills its obligations. host: you have introduced legislation to
in defense, some of the debt has to do with offering deficits of the central government that were financed. and we shouldn't do that. we should live within our means. but the first thing i should say is that this is not one that not one sovereign debt. puerto rico is an american territory. and, again, there are debts from , let's say, the puerto rican electric authority, one of the entities. any the central government of puerto rico that has issued general obligation bonds. our constitution...
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May 13, 2015
05/15
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between the services the hsi to properly design policy recommendations likely to be deficit-neutral. in order to fix the veterans health care we must i keep in mind general omar bradley said. we are dealing with veterans not procedures. with their problems not ours. this is why we are sure to use the veterans in the panasonic roadmap to fix and be the future veterans health care. veterans must be sure they will be able to get the access choice and quality health care they deserve in this mission failure is not an option. we are committed to overcoming all obstacles to stand in the way of achieving this mission and the court to work and the chairman or ranking member and members of this committee to achieve this shared mission. thank you. >> thank you mr. selnick. let me just interject at this point. i have read and i'm sure richard s. too the fixing veterans health care report that the organization did which is not standing report you think it is called ultimate choice if i'm not mistaken. with that mistaken. without they could import? >> that would be a good name. >> in a representa
between the services the hsi to properly design policy recommendations likely to be deficit-neutral. in order to fix the veterans health care we must i keep in mind general omar bradley said. we are dealing with veterans not procedures. with their problems not ours. this is why we are sure to use the veterans in the panasonic roadmap to fix and be the future veterans health care. veterans must be sure they will be able to get the access choice and quality health care they deserve in this...
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May 15, 2019
05/19
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just on those 50 drugs this one year, that's 14.4 billion that could be used for better health care, deficit reduction, tax relief, pell grant, education expenses but there's also a savings not just to medicare but also to patients that would also be in the billions. every corner of pharmacy negotiated -- negotiates the price of prescription drugs. every walmart does. when they're buying prescription drugs to sell in their pharmacy, they negotiate. it makes no sense that the federal government is not allowed to do the same thing. another area, biologic medicines. they represent a new and promising area of treatment. i want to stop here and say i am not one of these people that use a big broad brush and say pharmaceutical companies are bad. why are we living longer? why is the average age going up and up and up? it's going up and up and up because of better medical care and much of that medical care and improvement is innovation in the pharmaceutical industry. so i'm not on a campaign to say pharmaceutical companies are bad. they're producing life-saving prescriptions that are easing sufferin
just on those 50 drugs this one year, that's 14.4 billion that could be used for better health care, deficit reduction, tax relief, pell grant, education expenses but there's also a savings not just to medicare but also to patients that would also be in the billions. every corner of pharmacy negotiated -- negotiates the price of prescription drugs. every walmart does. when they're buying prescription drugs to sell in their pharmacy, they negotiate. it makes no sense that the federal government...
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Jan 7, 2014
01/14
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some argue that deficit spending is the way to go, while others insist on increasing the minimum wage. arthur brooks, the president of the american enterprise institute, offers a different take on how to best conquer the income divide. in a july 31, 2013, opinion piece published in the "wall street journal," brooks notes -- quote -- "again and again the president offers a higher minimum wage as a solution. yet, as the overwhelming majority of economists have argued for decades, the minimum wage actually harms the poorest and most marginalized workers, those with the most tenuous grip on their jobs. in january a study from the national bureau of economic research surveyed the most recent studies and concluded the evidence still shows that minimum wages pose a trade-off of higher wages for some against job losses for others. brooks continues, the story for strivers and entrepreneurs is no better. scott shane of case western reserve university has shown that business formation fell by 17.3% between 2007 and 2009. launching a business is never a walk in the park, especially given the expl
some argue that deficit spending is the way to go, while others insist on increasing the minimum wage. arthur brooks, the president of the american enterprise institute, offers a different take on how to best conquer the income divide. in a july 31, 2013, opinion piece published in the "wall street journal," brooks notes -- quote -- "again and again the president offers a higher minimum wage as a solution. yet, as the overwhelming majority of economists have argued for decades,...
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Nov 16, 2017
11/17
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for those who care about deficits, you should vote no because the bill increases deficits by over $1.5 trillion, likely more. any deficit hawk should be against this increase. any defense hawk should be wary of this bill for the same reason. high deficits make it harder to fund important priorities like the military. this morning three former defense secretaries: leon panetta, chuck hagel and ash carter penned a letter warning that the republican tax plan could result, in their words, a hallowed out military force. racked by cuts to training, maintenance, flight missions and other vital military programs. i spoke to general mattis yesterday. he is deathly afraid of a c.r. because a c.r. is at sequestration levels. if we pass this tax bill are its huge deficit, we will have no choice but to go back to sequestration, and the fears of our defense leaders that they cannot fund the military adequately will be very real. so by shoutout is to all of those who care about defense and particularly our defense hawks, if you vote for this bill, you're going to be voting for a hollowed out military
for those who care about deficits, you should vote no because the bill increases deficits by over $1.5 trillion, likely more. any deficit hawk should be against this increase. any defense hawk should be wary of this bill for the same reason. high deficits make it harder to fund important priorities like the military. this morning three former defense secretaries: leon panetta, chuck hagel and ash carter penned a letter warning that the republican tax plan could result, in their words, a...
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Mar 8, 2017
03/17
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how much it's going to add to the deficit? a whole lot but won't be specific. and how many people lose their insurance? but as i s -- as i said 200,000 ohioans today are getting treatment under the affordable care act for opioid addiction and most of them, at least we think half, tens and tens of thousands of them will lose their treatment right in the middle of their treatment for addiction. what do republicans get other than talking points that people who chanted for six years repeal and replace obamacare, never having any idea how they are going to replace it, still don't to do it right, continue that effort. finally, madam president, what -- the hypocrisy of this where members of congress in the house and senate who enjoy taxpayer financed health insurance -- meaning, the people in this body, most of the comment and women -- congressmen and women have health insurance yet want to take health insurance away from millions of americans -- these are people who have jobs -- millions of americans who have jobs and making relatively low wages, some of them holding
how much it's going to add to the deficit? a whole lot but won't be specific. and how many people lose their insurance? but as i s -- as i said 200,000 ohioans today are getting treatment under the affordable care act for opioid addiction and most of them, at least we think half, tens and tens of thousands of them will lose their treatment right in the middle of their treatment for addiction. what do republicans get other than talking points that people who chanted for six years repeal and...
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Jun 19, 2013
06/13
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is the pattern i have found and i'm sure -- any rural state finds there's a deficit of attention. the rules the agency needs to adopt should guarantee that every child in america can harness the power of the internet dwight safely. the rules the agency needs to adopt should empower consumers with the information they need to make informed choices. he rules the agency needs to adopt 0 shoo continue to create conditions for job creation, info vegas, -- innovation. the fcc under the leadership of chairman genachowski made progress but an awful lot remains to be done. new challenges will occur. the fcc chairman must be more than the arbiter of industry interests, and very effective in making their cases. exclusively for them. not necessarily looking at the broader good. bottom line, characteristic, truism, long hoyt. -- long history you must use the vast statutory authority to advocate for the public interest 34 communications act. all -- and the consumer, also, the parents and the students, all of those without an army of advocates to lobby on their behalf, we're concerned about peop
is the pattern i have found and i'm sure -- any rural state finds there's a deficit of attention. the rules the agency needs to adopt should guarantee that every child in america can harness the power of the internet dwight safely. the rules the agency needs to adopt should empower consumers with the information they need to make informed choices. he rules the agency needs to adopt 0 shoo continue to create conditions for job creation, info vegas, -- innovation. the fcc under the leadership of...
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Apr 10, 2013
04/13
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these job numbers relate back to the deficit and debt. there is a study by economist es reinhardt and rogoff that said we would have a million more jobs if not for these numbers. this is the fourth year in a row, never in the history of our country, have we had debts and deficits of $1 trillion. and yet the president's budget, it appears, will not fundamentally change the course we're on. i think from what i've heard from the media reports, we'd add about $7 trillion to our debt over the next ten years. put you arputting our debt at al where it's the entire size of our economy, where we have unfortunately continued economic doldrums because we can't get out of this huge overhang of debts and deficits. it is time to make a change of it is a moment for truth. it is an opportunity to address the challenge. my fear is that the president's budget will not be adequate to meet the challenge. there are some things in the budget that will be positive. i understand that the president is likely to propose a more accurate level of inflation when we'r
these job numbers relate back to the deficit and debt. there is a study by economist es reinhardt and rogoff that said we would have a million more jobs if not for these numbers. this is the fourth year in a row, never in the history of our country, have we had debts and deficits of $1 trillion. and yet the president's budget, it appears, will not fundamentally change the course we're on. i think from what i've heard from the media reports, we'd add about $7 trillion to our debt over the next...
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Dec 14, 2022
12/22
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but by 1994, as congress was still raising taxes and increasing the deficit at the same time, i decided i had to try again to bring some common sense to how things were being decided in our nation's capital. so i threw my hat in the ring again. i was elected to the house of representatives. i was surrounded by 73 other new members with a new majority and an opportunity to make new friends. i met three people who are now some of my closest friends -- john boehner, system of axby chambliss. every year since they've left, their wives, debbie boehner, julie ann chambliss and kathy have traveled in friendship. i'm grateful and proud we're so incredibly close, and i thank all of them today. you suppose boehner is crying by now? [laughter] mr. burr: we have all made new friends in congress. not a day goes by, not a day, that i don't miss my good friend, tom coburn. i have his nameplate in my office from the intel committee to remind me the lessons that tom gave all of us and for the example he set as a member of the senate. now, from that class of 1994, only three of us are left -- roger, lind
but by 1994, as congress was still raising taxes and increasing the deficit at the same time, i decided i had to try again to bring some common sense to how things were being decided in our nation's capital. so i threw my hat in the ring again. i was elected to the house of representatives. i was surrounded by 73 other new members with a new majority and an opportunity to make new friends. i met three people who are now some of my closest friends -- john boehner, system of axby chambliss. every...
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Dec 17, 2013
12/13
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medicare is already in deficit. medicare is already spending more money to provide for seniors than is being taken in off people's paychecks every week. but medicare does have a trust fund, as part a does. social security has a trust fund. people have that money come off their paychecks every week when they go to work, and they believe, correctly, in my opinion, they have a right to receive the benefits of that. they're not happy. they believe america is going on the wrong track when we take that money and spend it, therefore jeopardizing the confidence they should have that their retirement and social security is going to be in place. now, we know there are some deep problems with medicare and social security actuarially because there are people living longer and more people are retiring and we have to deal with some problems there, but what i want to say is the worst thing you can do is to do the things necessary to make medicare sound, tighten up payments to providers, perhaps, although there is a limit at some p
medicare is already in deficit. medicare is already spending more money to provide for seniors than is being taken in off people's paychecks every week. but medicare does have a trust fund, as part a does. social security has a trust fund. people have that money come off their paychecks every week when they go to work, and they believe, correctly, in my opinion, they have a right to receive the benefits of that. they're not happy. they believe america is going on the wrong track when we take...
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May 16, 2012
05/12
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. -- $450 million 5-year plan deficit. i told it had grown. two days after president obama was elected, that thursday, i stood up to republicans and said we had a $1 billion five-year plan deficit. i use the words "this is a shared sacrifice approach." we stopped our business tax reduction program. we cut a variety of services, a look at everything we were doing. we did not lay off thousands of people. i did not want to damage our ability to provide services. there were things we are doing that so we could not anymore. we did temporarily raise taxes as well. we closed to $2.4 billion gap. in january, i announced we had another $1.5 billion five-year plan deficit. it was 500 cuts and 50 cermet new revenues. -- 50% cuts and 50% new revenues. no one was happy. every senior executive in the city government to pay cuts and furloughs. we had to let the public know that we were not going to ask anyone to do anything that we were not prepared to do. >> can you tell us how much the symbolism mattered? do you think it is a model? >>
. -- $450 million 5-year plan deficit. i told it had grown. two days after president obama was elected, that thursday, i stood up to republicans and said we had a $1 billion five-year plan deficit. i use the words "this is a shared sacrifice approach." we stopped our business tax reduction program. we cut a variety of services, a look at everything we were doing. we did not lay off thousands of people. i did not want to damage our ability to provide services. there were things we are...